Issue Price
₹135
Per Share
GMP
NIL
Grey Market
Est. Listing
₹135
Expected Price
Min. Application
₹270,000
2 lots × 1000 shares
Incorporated in 2005, Rex Sealing and Packing Industries Limited is a manufacturer and exporter of Sealing packing and Insulation products including Jointing Sheets, Fabric Expansion Joints, Gland packing & Ropes, High-Temperature resistant textiles, Ceramic Fiber Products, etc.The business was first started by Mr Manjunath Nayak under the name M/s Rex Industries for manufacturing Gland Packing.The vast product portfolio of Rex Sealing and Packing Industries includes:Compressed Fibre Jointing Sheets / GasketsGland Packing & RopesFabric Expansion JointsTechnical and Heat Resistance TextilesCeramic Fiber ProductThe company executes in-house manufacturing through its unit situated in MIDC- Taloja Industrial Area, Palekhurd Panvel, Raigad.The company is also planning to set up an additional manufacturing unit in Anand Nagar, MIDC Ambernath, admeasuring 4000. Sq meter for expansion of business and manufacture. Rex Sealing and Packing Industries will manufacture all types of "Asbestos Free" Gaskets sheets for Automotive, Steel, and other process units through this extension.They are a customer-centric company, and the products of the company are used by some well-known industrial houses in the Petrochemical, Pharmaceutical, Power, Steel, Cement, Chemical, Gas, and Process industry.
Rex Sealing & Packing Industries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 33,000 | — | ₹0.45 Cr | — |
| TOTAL | 599,000 | 100.00% | ₹8.09 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹135,000 |
| Retail (Max) | 13 | 13,000 | ₹1,755,000 |
| sNII (Min) | 14 | 14,000 | ₹1,890,000 |
| bNII (Min) | 68 | 68,000 | ₹9,180,000 |
| Particulars | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Revenue from Operations | 2017.70 | 1726.30 | 2115.68 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 113.32 | 36.81 | 54.62 |
| Net Worth | 732.87 | 769.67 | 824.30 |
| Total Assets | 1357.01 | 1317.08 | 1443.75 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | 437.35 | 338.95 | 377.71 |